Press release
Carotenoid Market is expected to expand at a high-value CAGR of 2.4% to US$ 1.6 Bn by the end of 2033
A growing demand for carotenoid in the cosmetics sector is related to its increased vitamin A characteristics. During the projected period, these factors are anticipated to have an impact on the global market for carotenoids.
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Growing demand for fortified and functional food products is a result of rising health concerns about immunity, the brain and memory, and the digestive system. Increased preference for functional food items in the food sector is furthered by the prevalence of various cardiovascular disorders, such as heart disease. Demand for functional food products has also increased due to the growing need for prophylaxis against other diseases including cataracts and geriatric muscle degeneration.
Epilepsy, infertility, heartburn, high blood pressure, depression, and Alzheimer's disease are a few more medical conditions driving the expansion of the global market for carotenoids. Demand for carotenoids is predicted to rise as long as there is a need for functional food products, food colouring goods, dietary supplements, and food pigments.
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Companies Covered in This Report - Carotenoid Market
Algatechnologies
Allied Biotech
AquaCarotene
BASF
Hansen
Cyanotech Corporation
DDW The Color House
Doehler Group
EID Parry
ExcelVite
Farbest Brands
FMC Corporation
Guangzhou Leader Bio-Technology
Kemin Industries
Royal DSM N.V.
Others
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Market Taxonomy : Carotenoid Market
Carotenoid Market By Region : North Americ, Latin America, Europe, Japan, APEJ, MEA
Carotenoid Market By Product Type : Beta-Carotene, Lutein, Astaxanthin, Canthaxanthin, Lycopene, Others
Carotenoid Market By Application : Food & Beverage Industry, Feed Industry, Dietary Supplements, Pharmaceutical products, Cosmetic & Personal care, Other Applications, Source, Synthetic, Natural
Demand in the food and beverage business is anticipated to stay high as long as there is a significant demand for functional food products. The food and beverage sector segment, which is predicted to develop at the fastest rate and reach a value of over US$ 2,400 Mn by the end of 2026, is the application-based market segment. However, during the anticipated period, the pharmaceutical products source sector is anticipated to develop at the quickest rate globally.
By the end of 2026, the synthetic carotenoids segment, based on source, is projected to earn considerable revenues, with a value of approximately US$ 4,700 Mn. On the other hand, over the projected period, the natural source sector is anticipated to record the greatest CAGR.
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Related Sources:
Soy milk market : https://www.prnewswire.com/news-releases/soy-milk-market-reaching-a-valuation-of-around-us-11-8-bn-by-2031--301501685.html
Coconut milk market : https://www.prnewswire.com/news-releases/coconut-milk-market-is-expected-to-reach-us-3-77-bn-by-the-year-2032--persistence-market-research-301487264.html
Dried fruits market : https://www.prnewswire.com/news-releases/dried-fruits-market-is-projected-to-propagate-at-a-cagr-of-5-5-by-2032--301489480.html
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The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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